So, here on FX:NZDUSD there is a very good trend following opportunity that should be monitored during the next trading week.
I am looking the market to do the following moves:
As we are in a bear market right now I look for the retest structure, price should enter the reversal zone and then fall down. As you see we have fibs confluence of 38.2 right at the...
Here at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops,...
A lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the...
If you saw my post yesterday then you know that I’ve been waiting for a potential short on this pair. (Here’s the video link explaining the trade www.youtube.com) My initial killzone was pretty large and after a brief test of the bottom levels of it, price has rallied back to the top providing me with the opportunity that I was waiting for.
The reason I didn’t...
Here on the EURJPY we have a potential 2618 setup in the works. I say potential because I have no clue what the future of this current leg is, all I can do is Identify, Predict, Decide & then Execute. Here’s a link where you can take the FREE training on this particular strategy (tradeempowered.com ) but essentially, what I’m looking at is a double bottom...
Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (www.youtube.com) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube.
Today I've got bearish cypher patterns on both EURJPY and EURAUD on my...
After stalking the EURUSD this entire week, price action has finally made its way down into my kill zone and has also given me a reason to get long in the form of a bullish bat pattern that completed during the early London session.
There are so many ways to take targets on this trade and instead of laying them all out I’ll just ask you these questions. Why are...
A few weeks ago I made a very controversial call on the USDCAD looking to go long despite a major level of resistance and an advance pattern on the higher timeframe. (You can see the video explanation of that trade here www.youtube.com) Well after finally being taken out for the remaining part of my position Canada has come back to a level that looks prime for...
I couldn’t have asked for a better start to this trading week. Unlike last week everything I’ve touched has turned to gold giving me a very nice cushion going into my first real day of active trading. There is a lot on my radar today including the EURJPY, USDJPY, USDCAD, NZDUSD & EURAUD, but I wanted to share my EURUSD idea with you guys since we’ve been tracking...
VERY BIG DAY for me today (here's the video link www.youtube.com) and before I call it a night I wanted to share with you one more trade that I recently got involved in. Now I apologize for the short explanation but I'm a little tired after just recording video number 2 tonight, but here's a trade I just sent over to my Syndicate members looking at a bullish trade...
The USDJPY has traded back into previous structure & is currently consolidating at the resistance level. To most traders this opportunity would have SHORT written all over it but I’m actually looking in the other direction.
For those of you who I work with on a regular basis you know how I feel about the personality of the USDJPY and how it moves and looking on...
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD.
We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking...
A few potential trades on my radar this morning including EURUSD, AUDUSD & AUDCAD (Long from overnight), but one that just caught my attention came on the NZDUSD.
Even if you're new to reading a price chart it should be pretty obvious that the Kiwi has been in a downtrend. During this bearish movement I've been looking for different places to join the party each...
EURAUD has used a structure as support and it has created a double bottom.
The risk/reward is good but consider to add some extra pips on your stops considering the previous lower low.
You might wait for a 2618 setup.
Be patient and good trading.
The pair is moving very harmonically as you can see from the chart.
The price is now using a major structure as a support.
Let's see the next move.
Be patient and good trading !
As I told my Syndicate members last night, although we’re at a minor level of structure, double bottomed at that level (LTF) and are currently putting in a 2618 on the Euro, I have no intentions of buying. It’s not a Greece thing, or the fact that I’m scared to pull the trigger after yesterday’s losing trade. It’s simply because I have no real place that I would...
EURUSD has declined and it's now in a zone where there is a major structure.
The cross is oversold and there might be the opportunity to go long.
Be patient and wait for the best entry point !
Good luck and good trading.
